Leisure entrepreneur Luke Johnsonhas won the multi-million pound race to buy six greyhound tracks, including a site in Manchester, put up for sale by gaming group Wembley.
Mr Johnson's investment vehicle Risk Capital Partners will acquire the tracks at Belle Vue in Manchester, Perry Barr and Hall Green in Birmingham, Wimbledon, Oxford and Portsmouth for £50.3 million.
Wembley confirmed earlier this month that it was looking to offload the greyhound sites after agreeing a deal to sell its US operations in Rhode Island and Colorado to gaming consortium BLB Investors for around £182.5 million.
The former operator of the England football stadium will then become a shell with surplus cash paid back to shareholders.
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